Profit-booking during the last hours of trading coupled with fear of an interest rate hike by the Reserve Bank, led the equity indices to close in the red for the third consecutive session. The 30-share Sensex of Bombay Stock Exchange lost 182.70 points to close at 17,639.26. The broader S&P CNX Nifty of National Stock Exchange (NSE) was down by 49.35 points to end the day at 5,273.60.
Despite markets ending in negative terrain, FII continued buying and were net buyers to the tune of Rs 100 crore on Thursday, according to the BSE?s provisional figures. Anil Advani, head of research at SBICAP Securities said: ?Markets are witnessing selling pressure at higher levels. They were positive during the day, but trading turned volatile in the last hour of trading.? Realty and consumer durables were the top performers.
Tata Motors DVR
Price of Tata Motors DVR (differential voting rights) shares rose Rs 41.20 or 8.38% on Thursday, closing at Rs 532.65. DVR prices went up, following news of Tata Sons? plans to sell its holdings in the open market.